TORONTO, April 16, 2013 /PRNewswire/ -- Trio
Resources, Inc. ("Trio" or the "Company") (OTCBB: TRII;
www.trioresources.com) is pleased to announce that the Company's
initial shipment of 156 tons of mineralized material processed at
United Commodity AG's ("UC") Yukon Refinery is expected to generate
revenues of approximately $236,000
for Trio Resources, Inc. The revenue estimates for the shipment are
based on the recovery rates of silver (97%-99%), nickel (95%-97%),
and cobalt (95%-97%), which have been produced at UC's cutting-edge
facility. Based on Trio's previously announced Off-Take Agreement
with United Commodity AG, the Company anticipates that its future
shipments of mineralized material to UC will constitute more than
double the volume of the inaugural shipment.
"We are very pleased with the results of our first shipment to
UC, and the high recovery rates we attained from our inventories of
above-ground mineralized materials," stated Duncan Reid, CEO of Trio Resources, Inc.
"Today's announcement qualifies the value of the material on our
property, and demonstrates that we are well-positioned to execute
our revenue generation strategy. Going forward, we will continue to
monetize our significant stockpiles while conjointly pursuing an
exploration program on our property."
About Trio Resources, Inc.
Trio Resources, Inc. is an exploration and small-scale
processing company which plans to focus on the exploration and
milling of mineralized materials located in historically prolific
regions. Trio is organized to hold assets in the mining industry,
targeting older mining camps with residual value. Trio's intention
is to conduct an exploration program, in conjunction with milling
initiatives to monetize its existing above-ground mineralized
material on-site, with the purpose of being cash-flow positive
primarily through milling and marketing mineralized material and
concentrate to refiners. For more information, please visit
http://www.trioresources.com/.
Cautionary Note Regarding Forward-Looking Statements:
This Press Release contains forward-looking statements. Such
statements may include, but are not limited to, information related
to: our plans and objectives; anticipated operations and operating
results; potential exploration and exploration results;
relationships with refiners, purchasers and off-takers; demand for
mineralized materials; financial resources and condition;
anticipated sales, revenues and profitability; build-out of our
mill and milling capacity; changes in accounting treatment; cost of
sales; selling, general and administrative expenses; interest
expense; the ability to produce the liquidity or enter into
agreements to acquire the capital necessary to continue our
operations and take advantage of opportunities; legal proceedings
and claims. These statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from any
future results, performances or achievements expressed or implied
by the forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as "plans," "intends,"
"anticipates," "believes," "seeks," "could," "estimates,"
"expects," "intends," "may," "potential," "predicts," "projects,"
"should," "would" and similar expressions intended to identify
forward-looking statements. Forward-looking statements reflect our
current views with respect to future events and are based on
assumptions and subject to risks and uncertainties. These risks and
uncertainties include, but are not limited to, the factors
described in our Report on Form 8-K/A filed with the SEC on
March 15, 2013, including the section
captioned "Risk Factors" therein. Given these uncertainties, you
should not place undue reliance on these forward-looking
statements. The forward-looking statements set forth herein reflect
our estimates and assumptions only as of the date of this press
release and are subject to change after such date. Except as
required by law, we assume no obligation to update any
forward-looking statements publicly, or to update the reasons
actual results could differ materially from those anticipated in
any forward-looking statements, even if new information becomes
available in the future. The forward-looking statements contained
in this press release are expressly qualified by this cautionary
statement.
Contact Information
Trio Resources, Inc.
Toll-Free: 855.321.TRIO (8746)
Fax: 855.321.4335
www.trioresources.com
Investor Contacts
KCSA Strategic Communications
+1 212.896.1215 / +1 212.896.1233
tfromer@kcsa.com / pcarlson@kcsa.com
Todd Fromer / Philip Carlson
SOURCE Trio Resources, Inc.